China Construction Bank agrees in principle to participate in $670 million syndicated loan for Samawah (Samawa) Naphtha Treating Plant Project (Linked to Record ID#105533)

$670K USD

Funder	China Construction Bank Corporation (CCB)
Recipient Organization	Iraq
Country	Iraq
Start Date	Jan 01, 2018
End Date	Feb 16, 2029
Duration	4,064 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`105552`

Grant Description

Bank of China and China Construction Bank contribute to USD 670 million syndicated loan for Samawah (Samawa) Naphtha Treating Plant Project, Iraq In 2018, SEPCO Electric Power Construction Corporation was issued an $800 million commercial (EPC) contract for the Samawah (Samawa) Naphtha Treating Plant Project.

Bank of China and China Construction Bank reportedly agreed – at least in principle – to issue a $670 million syndicated loan to facilitate the implementation of the Samawah (Samawa) Naphtha Treating Plant.

The purpose of the project was to construct a 12,000 barrels per day (BPSD) Naphtha hydrotreating unit in Samawah (Samawa).

SEPCO Electric Power Construction Corporation was selected as the EPC contractor responsible for project implementation. The project was reportedly underway as of 2018.

📋 Staff Comments

This project is also known as the 12,000 BPSD Naphtha Hydrotreating Unit Project.
The Chinese project title is 伊拉克萨马沃12000BPSD石脑油炼化工厂项目.

📚 Sources & References

Treatment Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.